VAT is a very important matter of today’s life. Everybody comes across different matters of VAT in course of his daily life. It is more important for them whose decisions matter for their businesses, industries and offices. People dealing with management, finance and VAT in different businesses, industries and offices require to know many things regarding VAT, some of those matters are tricky in nature. Deduction of VAT at source has been such an area where many concerned people could not yet have transparent knowledge. Lacking such knowledge, they could not deduct VAT as source properly and could not observe the next formalities resulting in troubles for their businesses, industries and offices.
In the budget 2010-11, procedures regarding Deduction of VAT at Source have been changed rapidly. All concerned requires having up-to-date knowledge regarding VAT deduction at source. Procedures regarding VAT on traders have also been drastically changed in the budget 2010-11. Traders are a very big community who require knowing the latest formalities regarding trade VAT to keep their businesses free from future troubles. Attending this program, the participants can obtain up-to-date knowledge regarding the procedures and formalities of VAT Deduction at Source and VAT on Traders. Regarding VAT deduction at source and VAT on traders, there remain numerous questions in the minds of the concerned persons. Attending the program, it may seem to them that many of the problems and queries were of so easy nature but those could not have been resolved because they could not put those up to a proper forum or authority. A list of questions regarding various aspects of VAT Deduction at Source and VAT on Traders will be discussed.
Thus, participants will be familiar with solutions to a host of queries regarding those issues. Attending the program, the participants would be able to contribute to the sound fiscal management in their businesses, industries and offices.
How participants will benefit after the course:
The purpose of this program is to provide the participants up-to-date knowledge regarding procedures and formalities of Deduction of VAT at Source and VAT on Traders. Thus attending the program, the participants will be able to:
i. develop knowledge and guidelines regarding Deduction of VAT at Source and VAT on Traders; thus they can find solutions to their many queries;
ii. run the fiscal management in their organizations in far better way;
iii. protect their organizations from future troubles;
iv. further develop their career in finance, management and VAT.
Workshop topics to be covered:
1. What is VAT at source?
2. Who should deduct VAT at source?
3. Where VAT is to be deducted at source?
4. Rates of VAT deduction at source;
5. Special Procedures regarding Procurement Provider;
6. Formalities to be observed by the supplier of goods and services;
7. Formalities to be observed by the deducting authorities;
8. VAT on Traders;
9. A list of Questions regarding VAT Deduction at Source and VAT on Traders;
11. General Questions and Answers.